Link Global Technologies Joins Crypto Climate Accord

Rhea-AI Summary

Link Global Technologies (CSE:LNK; FRA:LGT; OTC PINK:LGLOF) announced its commitment to the Crypto Climate Accord on July 20, 2021. This initiative aims to decarbonize the crypto and blockchain sector through renewable energy solutions. By signing, Link pledges to achieve net-zero emissions in its crypto operations by 2030 and to report progress regularly. Additionally, the Board approved granting options for 450,000 shares at varied exercise prices for marketing services. CEO Stephen Jenkins emphasized the importance of sustainability in the crypto industry.

Positive

• Commitment to achieve net-zero emissions by 2030 enhances corporate responsibility.
• Joining the Crypto Climate Accord positions the company as a leader in sustainable crypto operations.
• Strategic marketing options may increase investor interest and support business objectives.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / July 20, 2021 / LINK GLOBAL TECHNOLOGIES INC. (CSE:LNK; FRA:LGT; OTC PINK:LGLOF) ('LINK' or the 'Company'), an innovative power and infrastructure solutions provider for Bitcoin mining, and data hosting operations, is pleased to announce it has signed the Crypto Climate Accord.

The Crypto Climate Accord (CCA) is a private sector-led initiative to decarbonize the crypto and blockchain sector. The CCA brings together organizations that inform, develop, test, and implement new solutions that accelerate crypto's transition to renewable energy. The Accord provides an open space to address challenges, gather requirements, showcase solutions, share learnings, and promote best industry practices.

By becoming a CCA Signatory, LINK is making an important public commitment in addition to supporting the development of digital solutions that #MakeCryptoGreen. As a CCA Signatory, LINK has committed to achieve net-zero emissions from the electricity consumption associated with all of its respective crypto-related operations by 2030 and to report progress toward this net-zero emissions target using best industry practices.

CEO and Board Member Stephen Jenkins comments, "Now, more than ever it is important for companies involved in the crypto space to step up and commit to lowering emissions as part of our future power generation. The CCA is completely aligned with the core values of Link and our goals for a sustainable future. We are proud to be part of this forward-thinking initiative."

Company update

Link Global announces that on July 19th, 2021 the Board of Directors approved the granting of an aggregate option of 450,000 shares at an exercise of $.60, $.70 and $.80 at 150,000 share increments, for consultation in the services of marketing to the Corporation for a term of one year.

About Link Global Technologies Inc.

Link is engaged in providing infrastructure and operating expertise for digital mining and data hosting operations. Link's objectives include locating and securing, for lease and option to purchase, properties with access to low-cost, reliable power, and deploying this low-cost power to conduct digital mining and supply clean energy and infrastructure for other data-hosting services.

To learn more about Link's activities, visit us athttps://linkglobal.io/

On behalf of Link Global Technologies Inc.

Stephen Jenkins
Chief Executive Officer & Director

For more information, visit http://linkglobal.io/ or contact:

Steve Jenkins
stephen@linkglobal.io
+1-877-770-6545

For investor information, please contact:

Omar Diaz
Investor Relations Manager
omar@linkglobal.io
604-551-2950

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION. This news release contains 'forward-looking statements' within the meaning of applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects', 'is expected', 'forecast', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes', or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results 'may', 'would', 'could', 'should' or 'might' occur. All such forward-looking statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature, they require making assumptions and involve inherent risks and uncertainties. The Company cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. In the case of the Company, these risks, uncertainties, assumptions and other factors include, without limitation: that actual use of proceeds of the Offering may differ materially from those set out in this news release; those set out in the Company's most recent MD&A, fluctuations in the price of electricity, fluctuations in the price of digital currencies/Bitcoin, the future potential halving of Bitcoin, increases in the network difficulty rate and price of digital currencies/Bitcoin, negative changes in the level of digital currency/Bitcoin rewards per block, the securing of economic rates for the purchase of power, the opportunities for acquiring digital currency mining hardware, unanticipated changes in laws, regulations or other industry standards affecting the business of the Company, reliance on key management personnel, the Company's ability to implement its business plan, litigation risk, stock price volatility, the effects of general economic and other factors beyond the control of the Company, and other matters that may occur in the future. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of the date hereof. Other than as specifically required by law, the Company undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise.

SOURCE: Link Global Technologies

View source version on accesswire.com:
https://www.accesswire.com/656237/Link-Global-Technologies-Joins-Crypto-Climate-Accord

FAQ

What is the significance of Link Global Technologies joining the Crypto Climate Accord?

Link Global's participation in the Crypto Climate Accord signals its commitment to sustainability and aims to reduce emissions in crypto operations by 2030.

What financial implications could the option grant have for Link Global Technologies?

The option grant for 450,000 shares may lead to dilution of existing shares if exercised, but could also attract marketing expertise to enhance the company's reach.

When is Link Global Technologies expected to achieve net-zero emissions?

Link Global Technologies aims to achieve net-zero emissions by 2030 as part of its commitment to the Crypto Climate Accord.

How does Link Global Technologies plan to report its progress towards net-zero emissions?

Link Global Technologies will report its progress towards net-zero emissions in accordance with best industry practices as part of its commitment to the Crypto Climate Accord.